Shares of National Bankshares, Inc. (NASDAQ:NKSH - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $36.95 and traded as high as $42.95. National Bankshares shares last traded at $42.61, with a volume of 37,358 shares trading hands.
Wall Street Analysts Forecast Growth
NKSH has been the topic of several recent analyst reports. Weiss Ratings raised National Bankshares from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, July 9th. Zacks Research raised National Bankshares from a "hold" rating to a "strong-buy" rating in a report on Tuesday, July 28th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Strong Buy".
Get Our Latest Stock Report on NKSH
National Bankshares Trading Up 0.9%
The company has a market capitalization of $271.34 million, a price-to-earnings ratio of 13.40 and a beta of 0.60. The firm's 50 day moving average price is $37.35 and its two-hundred day moving average price is $36.95.
National Bankshares (NASDAQ:NKSH - Get Free Report) last issued its earnings results on Thursday, July 23rd. The bank reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.01). National Bankshares had a net margin of 23.22% and a return on equity of 10.79%. The firm had revenue of $15.68 million during the quarter, compared to analyst estimates of $15.65 million. As a group, equities research analysts predict that National Bankshares, Inc. will post 3.52 EPS for the current year.
Institutional Trading of National Bankshares
A number of hedge funds have recently made changes to their positions in NKSH. BlackRock Inc. acquired a new stake in shares of National Bankshares in the second quarter valued at approximately $19,238,000. Deutsche Bank AG acquired a new position in shares of National Bankshares during the 2nd quarter worth approximately $224,000. Bank of New York Mellon Corp bought a new stake in National Bankshares in the 2nd quarter valued at $586,000. Royal Bank of Canada raised its stake in National Bankshares by 44.7% in the 1st quarter. Royal Bank of Canada now owns 6,230 shares of the bank's stock valued at $227,000 after acquiring an additional 1,925 shares during the period. Finally, Renaissance Technologies LLC lifted its holdings in National Bankshares by 17.5% during the 1st quarter. Renaissance Technologies LLC now owns 28,980 shares of the bank's stock valued at $1,055,000 after purchasing an additional 4,310 shares during the last quarter. 29.73% of the stock is owned by institutional investors and hedge funds.
About National Bankshares
(
Get Free Report)
National Bankshares, Inc is a Virginia-based bank holding company headquartered in Reston. Through its primary subsidiaries, National Bank of Blacksburg and The Bank of Giles and Montgomery, the company offers a full suite of community banking services to individuals, small businesses and nonprofit organizations.
The company’s core activities include deposit-taking, consumer and commercial lending, mortgage origination and servicing, trust and wealth management, and electronic banking platforms.
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